INDIAN STOCK MARKET OUTLOOK 10MAR2014
DATE | STOCK | BUY | SELL | Qty | Profit | Capital |
04-03-2014 | TECHM | 1890 | 1904 | 105 | 1470 | 201470 |
DATE | STOCK | BUY | SELL | Qty | Profit | Capital |
04-03-2014 | TECHM | 1890 | 1904 | 105 | 1470 | 201470 |
DATE | STOCK | BUY | SELL | Qty | Profit | Capital |
04-03-2013 | TECHM | 1890 | 1904 | 105 | 1470 | 201470 |
NIFTY FUTURE - WEEKLY
Nifty future CMT level has moved to 5445.
Nifty will have resistance at 5480 level next week.
Trading above 5495 will take nifty to 5545 and 5600.
On the downside 5430 and 5400 will be support level for nifty future.
Break and trade below 5367 will invite trouble for bulls and index will correct to 5250 and 5225.
NEXT: Best of last week
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
Nifty future exactly reversed from resistance area mentioned in my weekly post.
Where did the reversal end ? Yes exactly at the first target .
Gold reversed from exactly the short level and hit our first target.
RELINFRA short would have already yielded money for the aspiring reader.
We answered a query from a reader on IOB
Our investment pick of TATA INVESTMENT rocked on the upside
Get the word out. Share with your friends:
NIFTY FUTURE WEEKLY CHART
Nifty closed exactly at the continous moving pivot CMT level of 5442.
For the coming week, resistance is placed at 5475 - 5490 levels.
Trading above 5497 with volumes will take nifty future to 5540 and 5560 this week.
5400 - 5410 is the support region for nifty future.
Break and trade below 5390 will invite trouble for bulls and index will correct oto
5355, 5330 and 5300 this week.
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NEXT: Investment pick
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
NIFTY FUTURE
Nifty future is precariously placed in weekly chart.
The divergences in short term indicators are really playing havoc for bulls.
5388 is pivot level for nifty future next week.
Resistance is placed at 5420 level.
Breakout is above 5435. Breakout targets are 5455, 5495, 5510.
Reversal from pivot/ ressitance level will take nifty future wto 5350 which is the support level for the week.
5340 is breakdown level.
Break down targets are 5320, 5300. 5280 and 5240.
Did you like the above post ? Why not send it to your friends ?
NEXT: Investment pick
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
NIFTY FUTURE
Last week we had written that first support for nifty is at 5360 and reversal from this level
will take nifty future to 5467. Those who missed this post can read it here.
The low of nifty future was 5350 and high was 5476. It cannot get more precise than this.
For the coming week, 5467- 5476 will again act as huge resistance for nifty future.
Breakout targets are 5500, 5520 and 5548.
First support for nifty will be the pivot at 5430.
After this nifty could go into corrective mode and hit 5399.
Trading below 5385 could invite trouble for bulls and index will correct to 5365, 5345 and 5300.
NEXT: Bears crash the party
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
The unstoppable bulls
Bulls were back in style today at dalal street taking nifty exactly to the resistance level
mentioned in this column.
For tomorrow, the crucial pivot level is placed at 5445.
5480 is the resistance level and 5490, the breakout level.
Breakout targets are 5510, 5530 and 5550.
Nifty should find support around the 5400 mark.
Trading below 5395 will invite selling and nifty will correct to 5380, 5360 and 5340.
Will it be a day on which bulls decide to have a field day or will bears crash the party ?
Let us wait and watch.
NEXT : ONLY BULLS ALLOWED
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
NIFTY FUTURE
The whole of yesterday was a colossal waste of time for nifty traders as it traded in a
a super narrow range. One of those days where not trading would have made money .
Fo today's trading in nifty future, 5400 is the central pivot level.
Support is placed around 5360 .
Break below 5355 will lead to 5335, 5315 and 5295.
Resistance is placed around 5440.
Trading above 5448 will take nifty future to 5470, 5490 and 5508.
NEXT: A rangebound day
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
NIFTY FUTURE
We had written yesterday that short term indicators are in negative divergence mode and sure enough,
bulls decided to take to out some profit today. The index corrected exactly to support mentioned in this forum
at 5353.
For tomorrow, the all crucial pivot level is placed at 5370.
Reversal from this pivot level will take nifty future to 5336.
Crack below 5323 will take nifty future to 5303 and 5280 levels.
Resistance for tomorrow is placed at 5405 and breakout will be above 5417.
Targets for breakout will be 5435 and 5455.
NExT : A prediction of impending correction
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
NIFTY FUTURE
Readers who followed our chart based sell of sunpharma would have printed the almighty dollar today
as it crashed to 2nd target of short within no time.
For tomorrow, nifty future's critical pivot level is 5389.
Support for nifty is placed at 5353 and below 5340 nifty will fall to 5320, 5300 and 5280.
Trading below 5280 could be detrimental for nifty as it can crash to 5245 and 5195.
Overhead resistance for nifty will come in at 5421 and above 5435 nifty will zoom to 5455, 5475 and 5490.
With the short term indicators in strong negative divergence mode, it remains to be seen, how long bulls can
keep the momentum going.
NEXT: THE GOLDEN SHORT
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
NIFTY WEEKLY OUTLOOK
Nifty has closed below weekly pivot level of 5400.
First support for nifty will come in at 5360 area.
Following are the support pivot levels for nifty for the coming week.
S2 : 5333
S3: 5312
S4: 5292
S5: 5258
Looking on the otherside, if nifty trades above the pivot level of 5400, it will move to 5440.
5467, 5487 and 5508 are further targets for nifty if the momentum favours bulls.
As usual we will be tracking nifty everyday here with our daily trading plan.
Next: Trading technique for rangebound days
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
NIFTY FUTURE WEEKLY
As written in this column, nifty future made a remarkable comeback last week.
For the coming week the all important pivot point is placed at 5246.70.
Crossing this week's high of 5297, nifty future will move into the resistance zone of 5335-5375.
Trading above this resistance zone with volumes, the euphoric bulls will take the index to
5418, 5455 and 5490.
However, reversal from the above mentioned resistance zone will induce correction in nifty and
index will move to 5250, 5230 and 5215.
In the above chart, it is clearly seen that 5170 has become confluence support region in terms of
fibonacci levels.
Break and trade below 5170 will make index outlook negative and nifty will correct to 5100.
NIFTY FUTURE
Nifty is inching closer to to the huge resistance level of 5162.
Reversal from around this level will take nifty future to 5065, 5016 and 4985 this week.
Breaking and trading below fib support confluence zone of 4960 will make all bears on hiatus to
comeback and smash nifty future to 4910, 4875 and 4935
If nifty future is able to conquer the 61.8% retracement level of 5162 and trade above it with volumes,
it will move to 5210, 5258 (again !!) and 5310 in the week ahead.
Charts are indicating power packed action this week.
As usual we will be tracking the action here on a dialy basis with our trading plan.
NEXT: Nifty outlook 11june
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
NIFTY FUTURE
On friday night Dow closed 324 points or -3.16% down in a savage session.
Asian market will react to this when they open for trade on monday.
As shown in above chart nifty is near huge resistance of 61.8% retracement area at 5162.
If 5162 is conquered with volumes nifty future will move to 5235 and 5285.
However reversal from this region will take nifty to 4935.
If 4935 is broken with volumes, nifty future will move to 4875, 4835 and 4795 this week.
After a narrow range week, this week promises to be one with a wider range.
As usual we will tracking it here in our daily updates and trading plan.
NEXT : The best of last week
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
NIFTY FUTURE
Just like what I had written yesterday (link) nifty moved above 5065 and rocketted to 5105.
For today's trading 5115 (again) till 5125 will hold the key for bears.
If nifty reverses from this level it will fall to 5075, 5040 and 5010.
On the other hand trading above 5136 will make nifty future really bullish and it might even move to 5168.
NEXT: Nifty 03-June-2010
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss